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 Multiple Signs of Malaysia Property Bubble V20

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TSicemanfx
post Sep 14 2020, 02:29 PM

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QUOTE(AskarPerang @ Sep 6 2020, 09:12 PM)
Lelong unit check in.
Drop from 650k.
Currently at 4th round re-auction.

D-05-13A, 5th Floor, Residensi Dorsett Sri Hartamas
Reserve price πŸ”₯πŸ”₯RM473,850πŸ”₯πŸ”₯
Freehold
689 sqft (studio)
1 car park slot
Auction: 14-Sep-2020 (Mon)
*Non bumi lot
*Occupied unit (most probably tenant staying)
» Click to show Spoiler - click again to hide... «

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QUOTE(AskarPerang @ Sep 14 2020, 01:59 PM)
Unit sold at 478k just now.
Good catch.  thumbsup.gif
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TSicemanfx
post Sep 15 2020, 12:42 AM

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QUOTE(AskarPerang @ Sep 14 2020, 08:13 PM)

*
AskarPerang
post Sep 18 2020, 10:33 PM

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TSicemanfx
post Sep 19 2020, 11:48 AM

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QUOTE(AskarPerang @ Aug 11 2020, 01:34 PM)
Drop from 1.2M. Bumi lot.

3 storey terrace (intermediate unit)
15, Jalan Schumann 1, Symphony Hills
Reserve price πŸ”₯πŸ”₯RM 787,400πŸ”₯πŸ”₯
Freehold
Land area: 1743sqft
Auction date:  18-Aug-20 (Tue)
*BUMI lot
» Click to show Spoiler - click again to hide... «

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QUOTE(AskarPerang @ Sep 19 2020, 11:45 AM)
No bidder once again.
Further 10% price drop.
Updated details as below:

3 storey terrace (intermediate unit)
15, Jalan Schumann 1, Symphony Hills
Reserve price πŸ”₯πŸ”₯RM 708,700πŸ”₯πŸ”₯
Freehold
Land area: 1743sqft
Auction date:  22-Sep-2020 (Tue)
*BUMI lot
» Click to show Spoiler - click again to hide... «

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TSicemanfx
post Sep 21 2020, 09:26 AM

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QUOTE(ewechai @ Sep 21 2020, 07:25 AM)
Hi sifus..

Recently came across the remnant units from EcoWorld where the 1109sqft 3R2B2CP unit is selling at 655k after HOC discount. As it is under HOC, the entry cost is low because all other legal, MOT, stamping are exempted.

I read through the thread here and seems even the 927sqft 2R2B1CP unit was launched above 700k+ few years back.

Do you think is a good deal? Any major issues of this project or its locations? Wish to hear honest feedbacks from current owners.

I researched also Lake City and 99Residence which are also just a stone throw away and both are Leasehold with almost quite close to the same price. Lake City comes only with 1 car park. I am actually looking for property with low entry cost that is within 30mins from Damansara Uptown and preferably a Freehold one. As I am Penang Lang, I am not quite sure what other project is meeting this requirement.

Need some advice and guidance. Thanks!
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QUOTE(selinix @ Sep 21 2020, 02:36 PM)
Ecosky management is very responsive and deal with issues professionally so don't worry on that. The workmanship of ecosky is also one of the best i've seen, for the price you paying is really cheap for 3 bedroom because i know people paid that price for 2 bedroom
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This post has been edited by icemanfx: Sep 21 2020, 02:42 PM
TSicemanfx
post Sep 23 2020, 12:03 AM

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* There were 75,318 residential transactions worth RM25.61 billion recorded in H1 2020, declining 24.6% in volume and 26.1% in value compared to H1 2019.

* The residential overhang continued to increase due to slow market absorption of the primary market. There were 31,661 overhang units worth RM20.03 billion, increased by 3.3% in volume (H2 2019: 30,664 units) and 6.4% in value against the preceding half year (H2 2019: RM18.82 billion).

* The serviced apartment segment, which falls under commercial property albeit its usage as residential, recorded 1,433 transactions worth RM0.97 billion, forming 17.7% of the commercial property transactions volume and 11.5% of the total value. Mirroring the trend of the residential sub-sector, its market performance recorded a decrease of 24.2% in volume (H1 2019: 1,891 transactions) and 25.3% in value of transactions (H1
2019: RM1.30 billion).

* Serviced apartment overhang continued to increase, accumulating a total of 21,683 units with a value of RM18.64 billion, up by 26.5% in volume and 23.9% in value (H2 2019: 17,142 units worth RM15.04 billion). Meanwhile, the number of unsold under construction and unsold not constructed increased to 35,720 units and 10,874 units, up by 5.6% and 42.0% respectively.

https://napic.jpph.gov.my/portal/web/guest/...1&fileURI=14012

https://napic.jpph.gov.my/portal/web/guest/...showButton=true
party
post Sep 23 2020, 12:20 AM

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QUOTE(AskarPerang @ Sep 18 2020, 10:33 PM)

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wow..someone still buying arte+

i heard it was totally bad? i doubt 1 nite needs rm333
ShinG3e
post Sep 23 2020, 12:28 AM

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Cyberjaya the lelong precinct
blek
post Sep 23 2020, 12:38 AM

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All this lelong unit are new development?
Any old unit like seapark, oug Sri Petaling or taman sri muda?
SUSNew Klang
post Sep 23 2020, 12:53 AM

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QUOTE(party @ Sep 23 2020, 12:20 AM)
wow..someone still buying arte+

i heard it was totally bad? i doubt 1 nite needs rm333
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Very deep discount

Will there be more cheaper ones soon?
TSicemanfx
post Sep 24 2020, 11:08 AM

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QUOTE(AskarPerang @ Sep 9 2020, 02:51 AM)
Lelong unit check in at 3rd round.
Drop from 1.1M.

A-10-1, Residensi Vogue 1
Reserve price: πŸ”₯πŸ”₯RM 792,000πŸ”₯πŸ”₯
Leasehold until 2113
969sqft (Type Ca2)
End lot unit
Auction date: 23-Sep-2020 (Wed)

» Click to show Spoiler - click again to hide... «

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QUOTE(AskarPerang @ Sep 24 2020, 11:05 AM)
Unit sold at reserve price 792k just now.
Single bidder won unchallenged.
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staticxtreme
post Sep 24 2020, 11:28 AM

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QUOTE(party @ Sep 23 2020, 12:20 AM)
wow..someone still buying arte+

i heard it was totally bad? i doubt 1 nite needs rm333
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bad in terms of what?
HereToLearn
post Sep 26 2020, 10:49 AM

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QUOTE(staticxtreme @ Sep 24 2020, 11:28 AM)
bad in terms of what?
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Too many supplies (M city, the elements, reizz, astoria), super trash lift that needs very long waiting time.
TSicemanfx
post Sep 29 2020, 07:03 AM

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QUOTE(AskarPerang @ Sep 29 2020, 06:54 AM)
Both the cheaper price unit sold yesterday.
Both at reserve price. Single bidder won unchallenged.

3. T1-02-09, 1054sqft, RP: 387,420. Sold at RP.
4. T1-3A-09, 1039sqft, RP: 430,467. Sold at RP.

Anyway, here’s the complete transaction lelong record here so far:


cc: icemanfx
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TSicemanfx
post Sep 30 2020, 11:28 PM

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QUOTE(AskarPerang @ Sep 29 2020, 11:17 PM)
Low level 2027sqft unit available at cheap price in the lelong market.

B-01-06, Block B, Windows On The Park
Reserve price πŸ”₯πŸ”₯RM 705,000πŸ”₯πŸ”₯
Freehold
2027sqft
Auction: 08-Oct-2020 (Thu)
» Click to show Spoiler - click again to hide... «

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3XX psf in kl.

TSicemanfx
post Oct 5 2020, 03:03 AM

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QUOTE(AskarPerang @ Oct 5 2020, 03:00 AM)

*
QUOTE(AskarPerang @ Oct 5 2020, 03:01 AM)

*
<300 psf

This post has been edited by icemanfx: Oct 5 2020, 03:09 AM
SUSHasukiiXrd
post Oct 5 2020, 03:30 AM

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QUOTE(icemanfx @ Oct 5 2020, 03:03 AM)
<300 psf
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crap .. i read it wrongly as Selangor Action Party ... LOL

Unkel will go grab too ... but not now yet
TSicemanfx
post Oct 6 2020, 11:15 AM

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user posted image

There are fewer people available to migrate from countryside.

ahkit123
post Oct 15 2020, 05:33 PM

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QUOTE(icemanfx @ Sep 29 2020, 08:03 AM)

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look like property gurus flooding auction market
yenvanilla
post Oct 15 2020, 05:40 PM

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if covid oso dont cause bubble nothing will

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